What You Will Learn
1. The Critical Role of the Audit Director / Manager
- traditional roles
- new responsibilities: addressing ERM and globalization
- strategically acceptable organizational reporting
- strategies that will help your department maximize its value

2. Developing an Effective Mission/Vision Statement
- maintaining professional standards
- building flexibility into the plan to allow Audit’s role to evolve
- incorporating consulting, business unit initiatives, and pre-implementation teams
- incorporating governance and ethics roles
- knowing your business' ERM process

3. Developing Strategic and Risk-Based Annual Business Plans
- ensuring your plan is flexible enough to respond to new ERM challenges
- creating plans that address senior management’s and the audit committee's goals
- ensuring your ERM strategy addresses fraud, IT and SOX risks
- blending long-term strategic plans with short-term annual plans
- applying the roll-forward concept to your annual plan

4. Corporate Governance
- the impact of Sarbanes-Oxley and PCAOB on managing the IA department
- role of IA in fraud prevention
- proactive and strategic roles for IA
- maintaining the tone at the top
- key areas of exposure
- global compliance

5. Building Relationships: Marketing and Selling Internal Audit
- making sure IA isn't the organization's best-kept secret
- more than 100 proven strategies for selling IA
- making marketing a departmental effort

6. Audit Committee Relationships
- best practices
- education new members
- 10 pitfalls to avoid

7. Attracting and Keeping the Right People with the Right Stuff
- innovative ways to find new talent
- strategies for managing and balancing turnover
- retaining and motivating talented staff

8. Cosourcing
- getting the most out of resources within the rest of the organization
- big four vs. non-big four
- attest vs. non-attest firm
- one vs. multiple firms
- fee vs. recovery agreements
- domestic vs. international coverage
- managing costs

9. Minimizing Departmental Administration
- eliminating inefficient and outdate procedures
- taking a zero-based approach

10. Improving the Productivity of the Audit Process
- planning smarter
- testing less
- thinking report from day one
- making individual audits risk-based

11. Incorporating Best Practices Throughout the Department

12. IA’s Role in High-Profile Situations and What Went Wrong
- Enron
- WorldCom
- Sunbeam
- HealthSouth
- Parmalat
- others